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Asset Manager ← All Institutions

Bell Bank

520 MAIN AVENUE, FARGO, ND 58103 • 7014513015

Q3 2025 · Filed 2025-10-21
Market Value
$2.3B
+7.6%
Holdings
211
+7
New Purchases
13
Added To
82
Closed
13
Reduced
73
Top 10 Concentration
68.3%
Turnover
12.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VMBS 1.58% 0.96% +0.62% $37M
JAAA 0.20% 0.00% +0.20% $5M
VTV 11.76% 11.61% +0.15% $272M
NVDA 1.49% 1.34% +0.15% $34M
PG 0.20% 0.07% +0.12% $5M
GOOGL 0.48% 0.36% +0.11% $11M
GOOG 0.41% 0.31% +0.10% $9M
STX 0.58% 0.48% +0.09% $13M
SPYV 3.77% 3.70% +0.07% $87M
ORCL 0.09% 0.03% +0.06% $2M
MCD 0.23% 0.18% +0.05% $5M
CVX 0.55% 0.50% +0.04% $13M
TSM 0.14% 0.10% +0.04% $3M
RIO 0.52% 0.49% +0.03% $12M
TSLA 0.22% 0.18% +0.03% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BILS 2.17% 2.46% -0.29% $50M
VUG 11.81% 11.98% -0.18% $273M
BIL 1.75% 1.90% -0.15% $40M
QQQ 9.10% 9.20% -0.09% $210M
IEFA 13.01% 13.09% -0.08% $300M
UPS 0.45% 0.53% -0.08% $10M
LYB 0.26% 0.31% -0.05% $6M
ARCC 0.47% 0.52% -0.05% $11M
IBM 0.56% 0.61% -0.05% $13M
AMZN 0.63% 0.68% -0.04% $15M
ESGV 0.03% 0.07% -0.04% $640K
DE 0.03% 0.07% -0.04% $655K
META 0.63% 0.67% -0.04% $15M
CSCO 0.45% 0.48% -0.04% $10M
HES 0.00% 0.04% -0.04% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 78.7%
Technology 6.1%
Healthcare 3.0%
Consumer Defensive 2.6%
Communication Services 2.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 55 $1.3B 55.0%
Large Cap 142 $978M 42.4%
Mid Cap 9 $60M 2.6%
Small Cap 3 $1M 0.0%
Micro Cap 2 $402K 0.0%

Portfolio Analytics

Avg Market Cap
$309.7B
Median Market Cap
$95.8B
Avg P/E
35.4
Median P/E
27.2
Avg Dividend Yield
0.02%
Avg Beta
0.90
# Stocks
146
# ETFs / Funds
65

Top Holdings (211 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IEFA 13.01% 3,440,674 $300M $87.31 $20M +75,759 +2.2%
2 VUG 11.81% 568,297 $273M $479.61 $16M -17,972 -3.1%
3 VTV 11.76% 1,456,404 $272M $186.49 $23M +47,255 +3.4%
4 QQQ 9.10% 350,127 $210M $600.37 $13M -7,488 -2.1%
5 VTI 4.89% 343,893 $113M $328.17 $8M -2,141 -0.6%
6 VOO 4.77% 179,983 $110M $612.38 $7M -1,292 -0.7%
7 VYM 4.40% 721,199 $102M $140.95 $7M +9,535 +1.3%
8 SPYV 3.77% 1,571,923 $87M $55.33 $8M +55,728 +3.7%
9 AGG 2.44% 560,906 $56M $100.25 $4M +31,000 +5.8%
10 RSP 2.39% 290,541 $55M $189.70 $3M +4,537 +1.6%
11 BILS 2.17% 502,821 $50M $99.52 -$3M -27,436 -5.2%
12 BIL 1.75% 440,112 $40M $91.75 -$339K -3,797 -0.9%
13 VMBS 1.58% 778,461 $37M $46.96 $16M +331,869 +74.3%
14 NVDA 1.49% 184,402 $34M $186.58 $6M +2,215 +1.2%
15 MSFT 0.87% 38,864 $20M $517.95 $993K +392 +1.0%
16 SPY 0.77% 26,526 $18M $666.18 $1M +65 +0.2%
17 AAPL 0.68% 61,461 $16M $254.63 $1M -8,373 -12.0%
18 AMZN 0.63% 66,506 $15M $219.57 $116K +474 +0.7%
19 META 0.63% 19,832 $15M $734.38 $190K +357 +1.8%
20 ABBV 0.60% 60,248 $14M $231.54 $735K -10,943 -15.4%
21 STX 0.58% 56,353 $13M $236.06 $3M -15,232 -21.3%
22 IBM 0.56% 45,848 $13M $282.16 -$82K +1,683 +3.8%
23 CVX 0.55% 81,300 $13M $155.29 $2M +6,040 +8.0%
24 RIO 0.52% 181,506 $12M $66.01 $2M +3,050 +1.7%
25 PFE 0.50% 457,094 $12M $25.48 $1M +23,111 +5.3%
26 VZ 0.49% 258,893 $11M $43.95 $571K +9,132 +3.7%
27 GOOGL 0.48% 45,131 $11M $243.10 $3M +974 +2.2%
28 ARCC 0.47% 530,194 $11M $20.41 -$264K +25,402 +5.0%
29 XOM 0.47% 95,600 $11M $112.75 $850K +3,495 +3.8%
30 UPS 0.45% 124,617 $10M $83.53 -$1M +11,318 +10.0%
31 CSCO 0.45% 150,714 $10M $68.42 -$69K +1,093 +0.7%
32 TRP 0.44% 185,855 $10M $54.41 $1M +2,741 +1.5%
33 SO 0.44% 106,150 $10M $94.77 $451K +1,512 +1.4%
34 ADM 0.43% 167,317 $10M $59.74 $892K -5,170 -3.0%
35 DUK 0.42% 79,284 $10M $123.75 $536K +677 +0.9%
36 GOOG 0.41% 38,677 $9M $243.55 $3M +1,161 +3.1%
37 PEP 0.40% 65,923 $9M $140.44 $663K +831 +1.3%
38 HBAN 0.39% 523,737 $9M $17.27 $263K -240 -0.1%
39 KHC 0.39% 345,930 $9M $26.04 $386K +11,988 +3.6%
40 PRU 0.39% 86,518 $9M $103.74 $155K +4,426 +5.4%
41 T 0.38% 314,455 $9M $28.24 -$60K +5,550 +1.8%
42 GILD 0.38% 78,585 $9M $111.00 $164K +1,389 +1.8%
43 AMGN 0.37% 30,565 $9M $282.20 $191K +355 +1.2%
44 USB 0.37% 176,144 $9M $48.33 $524K -417 -0.2%
45 GSK 0.36% 192,881 $8M $43.16 $1M +6,115 +3.3%
46 HPE 0.35% 326,392 $8M $24.56 $867K -23,183 -6.6%
47 KMI 0.33% 265,198 $8M $28.31 $27K +10,734 +4.2%
48 CAG 0.32% 406,298 $7M $18.31 $476K +66,122 +19.4%
49 CCI 0.32% 76,071 $7M $96.49 $545 +4,626 +6.5%
50 KMB 0.29% 53,524 $7M $124.34 $421K +5,166 +10.7%
51 JPM 0.27% 20,082 $6M $315.43 $309K -703 -3.4%
52 AVGO 0.27% 18,922 $6M $329.91 $1M -31 -0.2%
53 UL 0.26% 102,137 $6M $59.28 $156K +5,705 +5.9%
54 LYB 0.26% 122,761 $6M $49.04 -$634K +7,764 +6.8%
55 VTRS 0.25% 587,645 $6M $9.90 $547K -2,583 -0.4%
56 DOW 0.25% 249,306 $6M $22.93 -$103K +29,551 +13.4%
57 V 0.23% 15,863 $5M $341.38 -$146K +200 +1.3%
58 MCD 0.23% 17,466 $5M $303.89 $2M +4,477 +34.5%
59 TSLA 0.22% 11,260 $5M $444.72 $1M -1,193 -9.6%
60 PG 0.20% 29,626 $5M $153.65 $3M +19,640 +196.7%
61 JAAA 0.20% 89,414 $5M $50.78 +89,414 NEW
62 MA 0.16% 6,380 $4M $568.81 $116K +129 +2.1%
63 EXR 0.15% 24,375 $3M $140.94 -$158K
64 TSM 0.14% 11,346 $3M $279.29 $1M +2,097 +22.7%
65 NFLX 0.11% 2,096 $3M $1,198.92 -$302K -6 -0.3%
66 HD 0.10% 5,953 $2M $405.19 $262K +89 +1.5%
67 BRK-B 0.10% 4,669 $2M $502.74 $155K +157 +3.5%
68 INTC 0.10% 67,063 $2M $33.55 $697K -2,276 -3.3%
69 AFL 0.10% 20,027 $2M $111.70 $125K -1
70 JEPI 0.10% 38,612 $2M $57.10 $136K +2,227 +6.1%
71 VEA 0.09% 36,005 $2M $59.92 -$42K -2,572 -6.7%
72 ORCL 0.09% 7,633 $2M $281.24 $1M +4,349 +132.4%
73 PSA 0.09% 7,406 $2M $288.85 -$34K
74 SPHQ 0.09% 29,049 $2M $73.29 $256K +2,762 +10.5%
75 WM 0.09% 9,559 $2M $220.83 -$81K -22 -0.2%
76 COST 0.09% 2,240 $2M $925.63 -$534K -394 -15.0%
77 WMT 0.09% 19,979 $2M $103.06 $84K -224 -1.1%
78 LOW 0.08% 7,411 $2M $251.31 $227K +38 +0.5%
79 SCHD 0.08% 67,943 $2M $27.30 $793K +27,877 +69.6%
80 KO 0.08% 27,364 $2M $66.32 -$75K +654 +2.5%
81 VGSH 0.08% 29,934 $2M $58.85 $460K +7,783 +35.1%
82 DFUS 0.08% 24,036 $2M $72.44 $102K -426 -1.7%
83 HEI 0.07% 5,359 $2M $322.82 -$37K -29 -0.5%
84 SHV 0.07% 15,497 $2M $110.49 -$176K -1,601 -9.4%
85 BSV 0.07% 19,647 $2M $78.91 $406K +5,109 +35.1%
86 AMD 0.07% 9,309 $2M $161.79 $142K -307 -3.2%
87 FAST 0.06% 29,851 $1M $49.04 $201K -227 -0.8%
88 IRT 0.06% 88,006 $1M $16.39 -$114K
89 AMAT 0.06% 6,882 $1M $204.74 $207K +314 +4.8%
90 PLTR 0.06% 7,646 $1M $182.42 $363K +77 +1.0%
91 CRM 0.06% 5,763 $1M $237.00 -$171K +126 +2.2%
92 LLY 0.06% 1,766 $1M $763.00 $103K +170 +10.7%
93 MMM 0.06% 8,460 $1M $155.18 $16K -61 -0.7%
94 SPDW 0.06% 30,318 $1M $42.79 $446K +9,294 +44.2%
95 ADI 0.06% 5,216 $1M $245.70 $36K -16 -0.3%
96 UNH 0.05% 3,603 $1M $345.30 $73K -151 -4.0%
97 CAT 0.05% 2,415 $1M $477.15 $185K -77 -3.1%
98 CRWD 0.05% 2,319 $1M $490.38 $10K +106 +4.8%
99 NOW 0.05% 1,205 $1M $920.28 -$130K
100 AXP 0.05% 3,333 $1M $332.16 $44K

New Positions

SymbolValue% Port
JAAA $5M 0.20%
PALL $571K 0.02%
VYMI $433K 0.02%
URI $354K 0.02%
SYK $341K 0.01%
SNPS $264K 0.01%
CMI $257K 0.01%
BWA $229K 0.01%
VMC $221K 0.01%
TRV $218K 0.01%
GS $207K 0.01%
UBER $203K 0.01%
WST $203K 0.01%

Sold Out Positions

SymbolValue% Port
MDT —%
BND —%
C —%
ESGD —%
PECO —%
QCOM —%
AAAU —%
ITOT —%
OEF —%
QUAL —%
SUSA —%
HES —%
ANSS —%
View SEC EDGAR Filings for Bell Bank →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms